NVIDIA (NASDAQ:NVDA) Stock Price Up 2.4% – What’s Next?

Shares of NVIDIA Co. (NASDAQ:NVDA) were up 2.4% during trading on Monday . The stock traded as high as $101.75 and last traded at $96.60. Approximately 274,209,339 shares traded hands during trading, a decline of 12% from the average daily volume of 312,811,228 shares. The stock had previously closed at $94.31.

Analysts Set New Price Targets

Several research analysts have issued reports on NVDA shares. Susquehanna restated a “positive” rating and issued a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Truist Financial lifted their target price on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Finally, TD Cowen reduced their target price on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.01.

NVIDIA Stock Performance

The firm’s 50 day moving average price is $119.61 and its 200-day moving average price is $130.67. The firm has a market cap of $2.79 trillion, a price-to-earnings ratio of 44.99, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is presently 1.36%.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tacita Capital Inc acquired a new position in NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at $46,000. 65.27% of the stock is owned by institutional investors.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.